Software Makers Fight Back against Tax Simplification
Tuesday, April 17, 2012
Simplifying income tax returns may be good for individual Americans, but bad for software companies that do business with the Internal Revenue Service (IRS).
Until now, 14 software makers have sold tax preparation programs to the IRS for the agency to make available to the public. These businesses could lose out if President Barack Obama follows through on his 2008 campaign promise to simplify the tax process down to a five-minute procedure.
According to Republic Report, Intuit has “lobbied incredibly hard to kill” easy-to-use programs in California. On the federal level, Inuit’s lobbying costs have tripled in five years. The website cited an Intuit report to its investors revealing company leaders are worried about “significant competition from the public sector, where we face the risk of federal and state taxing authorities developing software or other systems to facilitate tax return preparation and electronic filing at no charge to taxpayers.”
To Learn More:
Corruption Is Why You Can’t Do Your Taxes in Five Minutes (by Matt Stoller, Republic Report)
Tax Evaders Renounce U.S. Citizenship (by Noel Brinkerhoff, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- When George W. Bush Gave a Primetime Immigration Speech, Networks Covered it Live; Obama…Forget It
- Another Fox Nominated to Guard Financial Chicken Coop
- Director of the U.S. Patent and Trademark Office: Who Is Michelle K. Lee?
- Images from Thousands of Americans’ Webcams are Streaming on Website in Russia
- Director of the National Institute of Justice: Who Is Nancy Rodriguez?